| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers D > Headlines for DVB Bank SE > News item |
S&P affirms DVB Bank
S&P said it affirmed its BBB/A-2 long- and short-term ratings on DVB Bank SE.
The outlook is negative.
DVB Bank's 2017 annual financials show a marked decline in the bank's loan portfolio due to significant prepayments and weaker generation of new business, the agency said.
As a result, the bank's regulatory common equity tier 1 ratio and S&P’s risk-adjusted capital ratio were significantly higher at year-end 2017 than in 2016, S&P said.
The agency said the action reflects the risk that DVB Bank's capitalization could decline more sharply than anticipated, despite parent DZ Bank's commitment to absorb losses, and weakening links between DVB and DZ Bank.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.